Specific personal finance products and services

Assignment Help Financial Management
Reference no: EM133120489

The purpose of the midterm is to step back from the specific personal finance products and services and consider the question of how to develop a winning personal financial plan.

1. Assuming the average American consumer does not actively develop a personal financial plan, who is most likely to influence personal financial decision. Provide three examples of so called "financial advisors" one would meet along as consumers become adults and consume financial products. From mortgages, to the credit card offers in student unions, to the cashier offering an extended warranty - use these and other examples and explain if these individuals are likely to have your best interest in mind at the point of purchase.

2. Explore the resources American consumers have to develop a financial plan and educate themselves regarding the purchase of financial products. Using examples of both small and large financial product decisions, provide a description of what an informed consumer would look like. What resources would they consult prior to purchase and how do those resource help that consumer make informed and wise choices consistent with their financial goals?

3. Consider why some people are not deliberate in making a personal financial plan. What forces work against making informed financial decisions?

Reference no: EM133120489

Questions Cloud

What alternative recruitment methods could southwood use : What are the main reasons why a vacancy may occur in the organization? What alternative recruitment methods could Southwood use?
Examine ethical behavior : Examine ethical behavior within firms in relation to financial management.
Hackers compromise target network : How did hackers compromise Target's network? How did news of the breach reach Target? How did this news reach the public?
Prevention and crisis intervention : Identify two types of crises of loss and discuss what crisis intervention models you would use when assisting clients experiencing these crises of loss.
Specific personal finance products and services : The purpose of the midterm is to step back from the specific personal finance products and services
Computing the realized yield : Jim bought a $10,000 bond 7 years ago for $9990. The bond was semiannual with a 7% coupon. Today he sold the bond for $10,300. What was his realized yield?
Establish the price of an insurance policy : Please provide two elements that you could use to establish the price of an insurance policy that covers motor boats. Do not mention: Financial strength of the
Analysis of the business market and the competition : Select a range of policies from a business and evaluate the policies - Does policy content clearly articulate the rationale, goals and implementation strategies
Pgi money transfer project : Wift is working on a new PGI money transfer project.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd